925 Chestnut, Alameda CA 94501 | $1,350,000
Listing provided courtesy of Rachel Ivers of Compass. Last updated 2026-05-23 08:35:20.000000. Listing information © 2026 SANDICOR.
Charming Victorian-style apartment property located in Alamedas highly sought-after Bronze Coast neighborhood. Excellent opportunity for investors, owner-occupants, multigenerational families, or buyers seeking additional space for home offices, guest accommodations, or supplemental income. The property features a diverse unit mix consisting of (3) 1BR/1BA units, (1) 1BR/2BA unit, and (1) vacant 2BR/1BA owners unit, allowing for immediate lease-up at market rents. The property offers a projected 6.91% cap rate upon occupancy of the vacant units. Additional income potential exists through garage and tandem parking, on-site storage, possible ADU conversion of storage areas, and implementation of shared laundry for units currently without in-unit washer/dryers. Recent capital improvements and interior upgrades include new LVP flooring, interior paint, cabinetry, and countertops in Unit E, along with a new dishwasher in the vacant owners unit. Major electrical improvements include brand-new main panels and subpanels. Sewer lateral inspection has also been completed.
More Details
Parking Spots: 0.00
Carport Spaces: 2.00
Other
Heating: Fireplace(s)
Heating: Electric
